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Flat Squeeze Tightens 11/20/23

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The market sphincter just keeps getting tighter and tighter. The question isn’t just when it will squirt out, but exactly what will squirt out, and where. We await with bated breadth.

i would note that the squeeze keeps making higher lows, but I admit to not knowing if that means anything. Normally it suggests accumulation. Push will come to shove at the trendline at 4504 now and 4508 as of the opening hour in New York.  If they break that, then the next spport line comes in at 4490.

On the other hand, if they clear 4523, then they probably blast off to 4530 or even perhaps 4531. Then we’ll see if it has Room to Run.

12bmlq

Meanwhile the bond market rally appears to be approaching kaputski. So much misplaced bullishness.

12bmzq

And today, gold is sold. Gold Has Lost Its Mojo and Is Now in Danger

12bn11

For moron the markets, see:

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